Before you can read this sentence our Canadian debt will increase by an incredible $9,000.

Today, most Canadians have legitimate concerns regarding our economy; most of us are thriftier than in the past. We need to be! Parents, student, seniors and businesses are all making sacrifices; with one exception-our government.

Wasteful has become the common denominator of our government spending. This is not only disheartening but it is also embarrassing on an international scale. The Canadian Taxpayers Federation has calculated that our federal government spending is adding an incredible $135 million per day to our Canadian debt which already stands at $528 billion dollars. That's like the government pulling a $5 bill out of your wallet every day. Every Canadian…every day…and if you don't have the $5, they will take it from your children and grandchildren…and you don't have any choice about it…every day.

Can this adding machine be stopped? It's like our high speed technological advances are having an effect on parliamentary thinking. Our current government has embarked on a ten day wasteful G20 Summit which is expected to cost $2 billion. Wow…now that is high speed-an unbelievable $2,315 per second. The $2 billion summit is actually costing you, personally, and each person you love, $60-and you don't get a ticket… in fact, your $60 goes to put up barriers to keep you out!

It's obvious why the Auditor General's recent request to MP spending is being denied. Canadians can swallow only so much waste.

The core of the problem of our national debt is the failure of all parties serving in our House of Commons to recognize that deficit spending and government debt is a moral problem. It is the theft of money from our children and grandchildren to buy votes today. Most Canadians are willing to do their part. It's hard to believe that our so-called "conservative" government has our best interests in mind when they recklessly spend money we don't have causing our national indebtedness to skyrocket. The conclusion is simple: they don't. Today our debt is costing us $3 billion a month on interest payments alone; we're paying $1,157 every second. That is gross waste!

With all the rumors of the NDP joining the Liberals, I can only remind Mr. Layton that he is standing in line—behind Mr. Harper.

CHP Canada recognizes that the National Debt must be treated like a national mortgage. Return to balanced budgets, cut spending, reduce the money created by commercial banks, restore to the Bank of Canada to its proper role in the creation of money and re-instate statutory reserve requirements. That would truly be a fiscally conservative solution! And the first major cut—the size of government.